As a homebuyer, have you ever experienced reading descriptions of properties, only to find out upon walking in that it’s nothing like advertised? It’s the old bait and switch that a lot of realtors do in their real estate ad. In today’s video, let’s talk all about the words that we, as realtors, use to get people to come and look at the property, get all excited before they walk in, and what those words really mean.
Anyone who is looking to buy a home in the Bay Area will benefit from this content.
If you’ve ever written an offer in a competitive real estate market, like what we have here in East Bay, you’ve probably come across this very standard practice of writing the seller a buyer love letter. It’s very common and it’s actually something that’s part of almost every offer that gets submitted here. Recently, however, the California Association of Realtors just came up with a Fair Housing and Discrimination Advisory which states that basically prohibits writing one, if you’re a home buyer, or reviewing one, if you’re a seller. How can this potentially affect you if you’re planning to buy or sell your home? Watch my video below and keep on reading.
Is it possible to buy your dream home if you have less than 20% of the down payment saved up? The median property in East Bay typically costs around $800,000. Therefore, a 20% down payment would mean that you need to have $160,000. However, that still does not factor in all your closing costs. Now that’s a lot of money to save, especially when rent and other expenses are high. This makes 10% and 5% down payment options super attractive and a topic that pops up in almost every real estate agent’s YouTube channel. But is it really possible to purchase your dream home with this type of down? In today’s video, let’s talk about the things and strategies you need to know if you’re going to pursue a low down payment home.
Are you planning to add solar to your property or make an offer to a property that has solar in it? Solar power systems are near and dear to my heart as I used to sell them before, when I was training for the Olympics. In this video, let’s talk about solar power systems– does it really increase your property’s value and how it can change your buying or selling process.
A lot of people think that investing in a rental property is one of their best investment decisions. Since I also own investment properties in East Bay aside from selling residential real estate and single family homes, this is a topic that’s very near and dear to my heart. So if you’re thinking about buying your own investment properties in East Bay too, here are a list of things to think about that I’d like to share with you before you start shopping for your first investment home.
A lot of times, my clients are always asking me “Hey! How do I know how much cash do I need to bring in to close this deal outside of my down payment?” Today, I’ll walk you through how exactly I estimate these closing costs using the Buyer’s Net Sheet Tool of my go-to company, Placer Title Company.
As recently as last year, late September is usually the time that things start to slow down and start to sleep as we approach the holidays. As we get closer to October, there is typically less buyer activity and less inventory. This year, however, the air has just recently cleared out and instead of things starting to slow down, it seems like we’re actually picking up a bit. For today’s post, I will be giving an East Bay real estate market update for late September 2020 and share with you the reasons why we’re seeing a different trend.
“Have you been working out? You look great and I’m impressed with how much you can lift these days.” That’s my attempt at a joke regarding the East Bay real estate market right now. Seriously though, if you list out all the crazy forces that have occurred this year, our market is looking quite robust. COVID, BLM activism, Wild Fires, Unemployment, and all the news of people leaving the state, you would think that the straw that breaks the camels back has to be coming. However, our market keeps on banging out reps despite the added weight.